MCIG | Blue Horseshoe Stocks

Blue Horseshoe Stocks: Key Election Day Reminders & More

Starbucks Corp. SBUX – Options Update

On Friday morning, we suggested that the SBUX 11/11 $53.50-55 Calls
could be good for some solid opportunities if the momentum the stock had gained to that point managed to carry over into the new week. Of course, we followed up with a reminder of that fact in yesterday’s premarket report as well.

SBUX ultimately met our expectations and that range of contracts did provide some fantastic multi-bag intraday chances for our readers:

$53.50 Calls – Range: .49-1.32 – Max Gain: 169%
$54 Calls – Range: .25-1.00 – Max Gain: 300%
$54.50 Calls – Range: .12-.67 – Max Gain: 458%
$55 Calls – Range: .09-.40 – Max Gain: 344%

We won’t dismiss the possibility that further gains may be on the horizon for these weekly contract, dependent upon investor reaction to the unfolding events of election day.

Possible Bottom Plays

Sequential Brands Group, Inc. SQBG – This stock fell off a cliff last week, and we noticed the registering of a From-4 signaling an insider buy at the bottom. Yesterday the stock began to rebound, so we’re going to put it on watch as a potential recovery play.

Perion Netwrok Ltd. PERI – PERI has also recently been on a backslide but is regaining some ground this week. After a bullish session yesterday, the stock is gapping up in the premarket so we’ll have this one on watch as well.

CANNABIS SECTOR REMINDER: Apart from the volatility for the markets as a whole that the presidential election itself could certainly cause, we mustn’t forget what we’ve been shouting from the rooftops about the marijuana space for the past several weeks. Multiple key votes on both recreational and medical cannabis are on the ballots in many states.

The landscape of the industry is going to change overnight, and we aren’t going to miss out on the potential gains that will produce. We are effectively placing the entire sector on intensive watch until further notice.

Chatroom Call: International Consolidated Companies, Inc. INCC

INCC has gone on a heck of a run from .0007-.0025 after we tagged it in our traders chat on Friday, gaining as much as 257% so far.

We wanted to remind our readers that may not be aware- anyone can participate in our daily traders chat via Skype, where ideas like this one may come across once sessions get going. Simply send a contact request to ‘stocksumo‘ to get involved!

Extended Watchlist:
MJNA, TRTC, MCOA, MCIG, GRNH, GBLX, HEMP, AGTK, NEWC, UAMM, PNTV,

Blue Horseshoe Stocks: HAS Recap, Green Rush 2.0

Hasbro, Inc. HAS – Options Idea

Yesterday, after noticing the recording of new 6-month lows on HAS the day prior, coupled with a premarket earnings beat, we signaled a range of options ideas in our report.

Our targeted contracts were the HAS Weekly $79-81 Calls,with the stipulation that if the stock broke the $81-mark, that we’d correspondingly roll up our strike price a level. Based on the activity in HAS, there was literally no wrong answer, as all of the contracts mentioned provided us with a shot at excellent single-session gains.

$79 Calls – Range: 1.50-6.63 – Max Gain: 342%
$79.50 Calls – Range: 1.10-2.92 – Max Gain: 165%
$80 Calls – Range: .83-5.79 – Max Gain: 597%
$80.50 Calls – Range: .62-2.20 – Max Gain: 255%
$81 Calls – Range: .50-5.13 – Max Gain: 926%
$82 Calls – Range: .24-1.25 – Max Gain: 421%

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Fresh Options Idea:

With NFLX beating on earnings yesterday post-market, we’ll signal a range of contracts to watch there as well. We’re particularly interested in tracking the NFLX Weekly $117-120 Calls.

The Start of Green Rush 2.0?

A couple of years ago, when marijuana stocks first began to emerge, and the march toward legalization in many places began, we termed it a ‘Green Rush’. It was a historical few months of exponential gains for anything even remotely tied to the cannabis space.

We’ve never stopped monitoring the sector, which, compared to practically any other, is still in its infancy. Recently, we’ve been reminding our readers to keep a keen eye as well, for if all things remain equal, it’s likely that California will become a recreational marijuana state in just a few week’s time. California is the most populous state in the country, and the proposed bill is more comprehensive than anything we’ve seen in the other states where prohibition laws have been scrapped. The ripple effect from the world’s sixth largest economy legalizing marijuana and its by-products will be significant indeed.

In fact, the effect of the anticipation is already kicking the tires on what could very well be Green Rush 2.0. Out of the top 14 traded stocks on yesterday’s scanner (pictured below) all but one have some link to the pot sector. Every last one of them are stocks that we’ve talked about in the past, and all of them (and more) will be high up on our working watchlist over the next several weeks.

We warned our readers of the first Green Rush before it kicked into full swing back in 2014, and we’ve been doing our best to do the same thing in advance of the forthcoming California vote on Prop 64, which should ultimately prove to be a real game-changer.

The symbols pictured above will also serve as today’s Extended Watchlist, in addition to FLDM, a declining stock that we want to put on bottom watch.

Blue Horseshoe Stocks: FDX, RAS Recaps & More

FedEx Corp. FDX

On Tuesday morning, we had a set FDX options ideas that were among our main focal points. Avid readers will recall that we signaled our interest in Weekly FDX $140-145 Calls, and over the course of the last three days, with the exception of the $140’s, each set of contracts put up noteworthy intraweek swings.

The following trading ranges represent the lows from the day of our initial calls to yesterday’s highs:

$141 Calls – Trading Range: 4.06-12.19 – Max Gain: 200%
$142 Calls – Trading Range: 3.39-14.40 – Max Gain: 325%
$143 Calls – Trading Range: 2.98-11.86 – Max Gain: 299%
$144 Calls – Trading Range: 2.55-10.65 – Max Gain: 318%
$145 Calls – Trading Range: 3.01-11.60 – Max Gain: 285%

RAIT Financial Trust RAS

We’d also like to update our readers on the progress of RAS since we tagged it as a possible bottom play on Tuesday after noticing it recording new 52-week lows on Monday. The stock has managed to post gains for each of the three sessions since then, meaning that our timing in catching the bottom was essentially flawless.

Our observed low on RAS was 2.30, and it gradually stair-stepped its way to a high of 2.84 yesterday. That marks a steady rise of 23% and a confirmed three-day uptrend, the continued signs of which we’ll be watching for in coming sessions.

Fresh Options Idea – Blackberry Ltd. BBRY

BBRY is gapping up on earnings beat this morning- Wall Street was expecting a fourteen-cent loss per share and the company only posted a three-cent loss per share. We’ll look to take advantage of the current conditions by looking for a dip-and-rip on BBRY. If things go as we suspect they might, we’ll want to watch Weekly 7.50-8.50 Calls for what could be significant intraday swings today.

Cardinal Resources, Inc. CDNL

We were tracking CDNL at the end of last month and the stock went on to make a nice move of 167% as it ran from .0225 to .06. After consolidating down to a low of .03 last Tuesday, it has made another nice move to yesterday’s high of .068, another swing of 147%

We’ll keep CDNL on our radars moving forward, watching for the setting of higher highs and higher lows. There still appears to be room for the chart to grow in the near-term.

Extended Watchlist:
MCIG, AXXE, VRSZ, CBIS, SRCO